Fifth Third Bancorp (FITB) to Release Quarterly Earnings on Thursday
Fifth Third Bancorp (NASDAQ:FITB) is scheduled to be issuing its Q316 quarterly earnings data on Thursday, October 20th. Analysts expect the company to announce earnings of $0.41 per share and revenue of $1.58 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.
Fifth Third Bancorp (NASDAQ:FITB) last posted its earnings results on Thursday, July 28th. The financial services provider reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.03. Fifth Third Bancorp had a return on equity of 9.25% and a net margin of 23.36%. During the same quarter in the previous year, the business earned $0.36 earnings per share. On average, analysts expect Fifth Third Bancorp to post $1.60 EPS for the current fiscal year and $1.68 EPS for the next fiscal year.
Shares of Fifth Third Bancorp (NASDAQ:FITB) opened at 19.87 on Wednesday. The company’s 50-day moving average price is $20.34 and its 200 day moving average price is $18.78. The stock has a market cap of $15.23 billion, a PE ratio of 9.68 and a beta of 1.33. Fifth Third Bancorp has a 1-year low of $13.84 and a 1-year high of $21.14.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 17th. Shareholders of record on Friday, September 30th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $0.52 dividend on an annualized basis and a yield of 2.62%. Fifth Third Bancorp’s dividend payout ratio (DPR) is presently 25.49%.
A number of research analysts have commented on the company. Nomura reaffirmed a “hold” rating on shares of Fifth Third Bancorp in a report on Saturday, July 9th. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Fifth Third Bancorp in a report on Saturday, July 9th. Jefferies Group reaffirmed a “buy” rating on shares of Fifth Third Bancorp in a report on Wednesday, August 3rd. Evercore ISI downgraded Fifth Third Bancorp to a “hold” rating and set a $18.00 target price on the stock. in a report on Friday, July 15th. Finally, FBR & Co reaffirmed a “hold” rating and set a $20.00 target price on shares of Fifth Third Bancorp in a report on Friday, July 29th. Two research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and eight have issued a buy rating to the stock. Fifth Third Bancorp currently has an average rating of “Hold” and a consensus target price of $20.55.
Hedge funds have recently modified their holdings of the company. First Allied Advisory Services Inc. acquired a new stake in shares of Fifth Third Bancorp during the second quarter valued at approximately $194,000. Stratos Wealth Partners LTD. boosted its stake in shares of Fifth Third Bancorp by 4.5% in the second quarter. Stratos Wealth Partners LTD. now owns 11,140 shares of the financial services provider’s stock valued at $196,000 after buying an additional 481 shares during the period. Wetherby Asset Management Inc. boosted its stake in shares of Fifth Third Bancorp by 3.7% in the second quarter. Wetherby Asset Management Inc. now owns 11,971 shares of the financial services provider’s stock valued at $211,000 after buying an additional 431 shares during the period. Advisor Group Inc. acquired a new stake in shares of Fifth Third Bancorp during the second quarter valued at approximately $220,000. Finally, Ancora Advisors LLC boosted its stake in shares of Fifth Third Bancorp by 3.8% in the second quarter. Ancora Advisors LLC now owns 13,596 shares of the financial services provider’s stock valued at $239,000 after buying an additional 500 shares during the period. 79.70% of the stock is owned by institutional investors and hedge funds.
About Fifth Third Bancorp
Fifth Third Bancorp is a bank holding company and a financial holding company. The Company conducts its principal lending, deposit gathering, transaction processing and service advisory activities through its banking and non-banking subsidiaries from banking centers located throughout the Midwestern and Southeastern regions of the United States.
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